MAC STAY: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAC STAY
Largest movements
- Receivables within one year +€19,556
up €19,556 (+62.5%), from €31,302 to €50,858
of which Trade receivables: +€19,378
- Debts after one year -€40,581
down €40,581 (-4.5%), from €896,440 to €855,859
- Trade debts +€22,062
up €22,062 (+94.5%), from €23,353 to €45,415
- Other debts +€21,652
up €21,652 (+4,646%), from €466 to €22,118
- Depreciation -€100,748
down €100,748 (-77.9%), from €129,253 to €28,505
- Gross operating margin -€93,985
down €93,985 (-59.7%), from €157,511 to €63,526
- Staff costs +€3,157
new in 2025: €3,157
- Financial charges +€2,740
up €2,740 (+10.2%), from €26,887 to €29,627
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €970,614 | €982,057 | +€11,444 | +1.2% |
| Fixed assets | 21/28 | €922,675 | €923,741 | +€1,066 | +0.1% |
| Intangible fixed assets | 21 | - | €6,581 | +€6,581 | |
| Tangible fixed assets | 22/27 | €922,675 | €917,160 | -€5,515 | -0.6% |
| Land and buildings | 22 | €905,365 | €883,270 | -€22,094 | -2.4% |
| Plant, machinery and equipment | 23 | €15,722 | €27,230 | +€11,509 | +73.2% |
| Furniture and vehicles | 24 | €1,589 | €6,659 | +€5,071 | +319% |
| Current assets | 29/58 | €47,939 | €58,316 | +€10,377 | +21.6% |
| Amounts receivable within one year | 40/41 | €31,302 | €50,858 | +€19,556 | +62.5% |
| Trade receivables | 40 | €31,302 | €50,680 | +€19,378 | +61.9% |
| Other amounts receivable | 41 | - | €178 | +€178 | |
| Cash at bank and in hand | 54/58 | €15,325 | €6,149 | -€9,176 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,311 | €1,309 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €970,614 | €982,057 | +€11,444 | +1.2% |
| Equity | 10/15 | €2,906 | €3,264 | +€358 | +12.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €406 | €764 | +€358 | +88.3% |
| Distributable reserves | 133 | €406 | €764 | +€358 | +88.3% |
| Amounts payable | 17/49 | €967,708 | €978,793 | +€11,085 | +1.1% |
| Amounts payable after more than one year | 17 | €896,440 | €855,859 | -€40,581 | -4.5% |
| Financial debts | 170/4 | €896,440 | €855,859 | -€40,581 | -4.5% |
| Amounts payable within one year | 42/48 | €71,268 | €122,934 | +€51,666 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €39,054 | €40,581 | +€1,527 | +3.9% |
| Trade debts | 44 | €23,353 | €45,415 | +€22,062 | +94.5% |
| Suppliers | 440/4 | €23,353 | €45,415 | +€22,062 | +94.5% |
| Advances received on contracts in progress | 46 | €3,094 | €5,033 | +€1,938 | +62.6% |
| Taxes, remuneration and social security | 45 | €5,301 | €9,787 | +€4,486 | +84.6% |
| Taxes | 450/3 | €5,301 | €8,031 | +€2,730 | +51.5% |
| Remuneration and social security | 454/9 | - | €1,756 | +€1,756 | |
| Other amounts payable | 47/48 | €466 | €22,118 | +€21,652 | +4,646% |
| Remuneration, social security and pensions | 62 | - | €3,157 | +€3,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,253 | €28,505 | -€100,748 | -77.9% |
| Other operating charges | 640/8 | €965 | €1,879 | +€913 | +94.6% |
| Gross operating margin | 9900 | €157,511 | €63,526 | -€93,985 | -59.7% |
| Operating profit (loss) | 9901 | €27,293 | €29,986 | +€2,693 | +9.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €26,887 | €29,627 | +€2,740 | +10.2% |
| Recurring financial charges | 65 | €26,887 | €29,627 | +€2,740 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €406 | €358 | -€48 | -11.7% |
| Profit (loss) for the period | 9904 | €406 | €358 | -€48 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €406 | €358 | -€48 | -11.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.